Selling Tips

For anyone who has ever sold a property, the worse outcome is to have a sale fall through. Selling a house is not like buying a book online and unforeseen complications can arise during the sale process. Even the smoothest of sales will have multiple “back and forth” between owner and buyer, solicitor and surveyor, not to mention financial bodies, property management teams and numerous tradespeople. TAYLOR DAIN as your Hybrid estate agent will be the glue that holds the deal together over the many weeks that it takes for a transaction to go through.

Little things make a big difference. TAYLOR DAIN will showcase your home using the most up to date marketing tools and techniques but you are the real experts when it comes to your home and can help when those potential buyers arrive at your door. Remember the reasons why you bought your home in the first place and make sure that your viewers see them too.

The ‘feel’ of your house can be influenced by many factors and here are a few hints to help you make your “house” feel like a “home”.

  • First impressions are vital. Ensure that the curb side appeal of your property is welcoming and most importantly clean and tidy. Many buyers will drive through their preferred neighbourhoods before committing themselves to a viewing. Front gardens should be well tended and inviting as they will frame the front elevation of the house.
  • Do the washing up! Dirty Kitchens, towels strewn on bathroom floors and unmade beds are some of the most common issues that put potential buyers off when choosing a home. Whether you live in a studio apartment or country estate, clutter will make your room sizes seem smaller and will block buyers from visualising themselves in your property.
  • Be aware of smells. Generally, we all have five senses and Home Buyers use all of them when getting the ‘feel’ from your home. A fresh vase of flowers, bowl of potpourri or subtle scented candle will go a long way to leaving a pleasant impression. Move the dog basket away from the front door and put the laundry away, you don’t want your “days of the week socks” to be the only thing remembered about your bright and spacious bedrooms.

Stamp Duty

What is stamp duty?

Stamp duty land tax, to give it its full name, is a tax that you pay when buying a home. Rates of Stamp Duty increase in line with property value and there are a number of Stamp Duty thresholds giving clear demarcation between the different rates. Stamp Duty rates are different for residential and commercial property.

The thresholds of Stamp Duty for normal residential property in England since April 2015, are as follows:

  • There is no tax on purchases up to £125,000.
  • Between £125,001 and £250,000 the rate will be 2%
  • Between £250,001 and £925,000 the rate will be 5%
  • Between £925,001 and £1.5m the rate will be 10%
  • Above £1.5m the rate will be 12%.

For example, a £200,000 house purchase will have no tax to pay on the first £125,000, then 2% on the remaining £75,000, which is a total bill of £1,500.

From 1 April 2016, Stamp Duty Land Tax will increase by 3% on top of current rates, for purchases of additional residential properties, such as buy to let properties and second homes.

For further information on Stamp Duty Land Tax please visit www.gov.uk and search “Stamp Duty Land Tax”

Energy Performance Certificate (EPC)

As of the 21st May 2010, if you decide to place your property on the market for sale or rent in England and Wales you will need to purchase an Energy Performance Certificate (EPC).

An Energy Performance Certificate (EPC) for a domestic property will contain information on your home's energy use and carbon dioxide emissions. It will also contain a recommendation report with suggestions to reduce energy use and carbon dioxide emissions.

EPCs carry ratings that compare the current figures with potential figures that your home could achieve. These potential figures are calculated by estimating what the energy efficiency and carbon dioxide emissions would be if energy saving measures were to be put in place. The rating measures the energy efficiency of your home, using a grade from ‘A’ down to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. All homes are measured using the same calculations, so you can compare ratings.

The detailed recommendation report shows what you could do to help reduce the amount of energy you use and your carbon dioxide emissions. The report lists suggested improvements, like fitting loft insulation, and gives the possible cost savings per year, if the improvements are made.

For further information on EPCs please visit www.gov.uk/buy-sell-your-home/energy-performance-certificates